, incentivize prizes
, resource allocation
, innovation incentives
, X PRIZE
, economic models of innovation
, energy storage
, grid-scale storage
, prize matrix
, Archon X PRIZE
, Progressive Automotive X PRIZE
, grand challenges
In 2004, the Ansari X PRIZE for suborbital spaceflight captured the public's imagination and revolutionized an industry, leveraging a $10M prize purse into over $100M in innovation. Building from that success, the X PRIZE Foundation is now developing new prizes to focus innovation around "Grand Challenge" themes, including genomics, energy, healthcare, and education.
Run time 64 minutes 16 secondsProducer MIT OpenCourseWareAudio/Visual sound, colorLanguage English
This course will examine the intersection of incentives and innovation, drawing on economic models, historic examples, and recent experience of the X PRIZE Foundation to help develop a future prize in Energy Storage Technologies.